Avalanche price suggests that since it hit highs of $23.38 in May, the AVAX/USD pair has been steadily declining. The market has found support at $18.21, but the bulls have not been able to drive the price higher. The AVAX/USD pair is presently valued at $18.36, having resistance at $19.65. The AVAX/USD pair is presently in a bearish trend and is anticipated to fall further in the near term. In the last 24 hours, the price has dropped by 1.96 percent and the market capitalization for the coin is $5,241,273,746 with $334 million in trading volume over that time frame. AVAX/USD 1-Day Technical Analysis On a 24-hour Avalanche technical analysis, the market has been facing rejection at $19.65 for a short time before consolidating. The prices have remained in the $18.21 to $19.65 range, and it looks like the market will start going up when it breaks out of this range. To enter into new long positions, investors should look for a breakthrough above the $19.65 resistance or a breakdown below the $18.21 support level. Source: TradingView The AVAX/USD pair’s RSI is currently at 58.37, and it is gradually rising. This indicates that the market is gaining momentum and will continue to rise in the near term. The MACD for the pair is in a bearish position, implying that the market is declining, while the Bollinger Bands for the pair are now contracted, suggesting that the market is in a consolidation period. AVAX/USD 4-Hour Technical Analy...
